Archive for March 8th, 2009

Quote Of The Day

Sometimes perspective helps. This quote from Charles de Gaulle must be forty or more years old but it should remind us that at the very least what we are going through and who we are aren’t unique. Plus ├ža change … It so happens that the world is undergoing a transformation to which no change […]

Glass-Steagall: Not The Cause But Maybe A Cure?

As the idea of bringing back some form of Glass-Steagall gains traction, the naysayers are coming out of the woods. How many are funded by the vested interests in the status quo is hard to say but expect more of them. Tonight here is one of the first forays from the NY Times. The idea […]

Are The Credit Markets Tanking Again? The WSJ Says Yes

The WSJ says this evening that credit markets are seizing up again. They base their argument largely on increases in Libor rates as well as a widening of spreads for corporate debt. Short-term credit markets are still performing better than they did last year thanks to government programs to buy commercial paper and guarantee short-term […]

Decision Time For The ECB

Our old friend Ambrose Evans-Pritchard is out again with another dose of pessimism. Though his articles are taking on a sort of sameness lately, they usually contain something worth thinking about. This week he thanks the guardian angel that kept the U.K. from surrendering control over its own currency. As he points out the country […]

Geithner Parody On SNL

It’s usually a bad sign when they start making fun of you on SNL. Enjoy.

Quote Of The Day

Politics is war without bloodshed, and war is politics with blood. Mao Tse-Tung Books On Mao